yunnan

ChainCatcher news, according to a report by Jin10 citing Yicai, recently, the so-called "2% daily interest" Ponzi scheme "Xinkangjia" has collapsed, raising the entire society's attention and vigilance towards new types of online fraud. Regulatory bodies have been intensively "whistleblowing."According to incomplete statistics, since July, financial regulatory agencies in multiple regions, including Guangdong, Yunnan, Hunan, Liaoning, Heilongjiang, Zhejiang, and Fujian, have been intensively warning about the risks of illegal fundraising under the guise of "virtual currency" and new types of online fraud.

According to ChainCatcher news, as reported by Yunnan Legal Daily, in February 2023, seven defendants jointly discussed building an online platform for investing in virtual currency. After reaching an agreement, they contacted a company in Sichuan, where technicians developed the "3M platform" to issue the token "Mavro Coin," enticing investors to join the project with the promise of high profits from virtual currency investments. Once the platform was established and operational, the seven defendants actively promoted the investment platform's potential for high returns and conducted offline promotions to recruit subordinates, who in turn recruited others. According to the assessment, there were a total of 375 users whose subordinate levels were three or more (including three levels), and the total number of subordinates was 30 or more (including 30). The seven defendants profited between 4,300 yuan and 20,000 yuan.After hearing the case, the Xichou County People's Court found that the seven defendants used the "3M platform" to issue virtual currency, enticing investors to join the platform with the promise of high profits from virtual currency investments, and organized hierarchical structures in a certain order, developing personnel numbers as a means of profit. Their actions constituted the crime of organizing and leading pyramid selling activities. Based on the defendants' roles in the crime, the levels of development, their confessions and acceptance of punishment, and the return of embezzled funds, they were sentenced to fixed-term imprisonment ranging from two years and six months to one year and six months, with probation applied, and were fined.

Chain Catcher News: The Yunnan Provincial Market Supervision Administration recently released two local standards of Yunnan Province, namely the "Blockchain Cross-Border Trade Service Application Guide" and the "Blockchain Domain Name Resolution Service Application Guide," jointly completed by the Yunnan Academy of Science and Technology, Yunnan University of Finance and Economics, and the Yunnan Provincial Institute of Standardization. These standards will officially come into effect on November 12, 2022. These are the first local standards for blockchain released in Yunnan Province, filling the gap in local blockchain standards in the province.It is reported that the secretariat of the Yunnan Provincial Blockchain and Digital Technology Standardization Technical Committee is located at the Yunnan Academy of Science and Technology, which is mainly responsible for undertaking the standardization work of blockchain and digital technology in Yunnan Province, with the Yunnan Provincial Department of Science and Technology as the business guidance unit. So far, 2 standard system research projects have been completed; 1 national standard application has passed the preliminary review; the development of 8 local standards has been promoted; and the Yunnan Academy of Science and Technology has joined the National Standardization Committee's Big Data Working Group, Yunnan University of Finance and Economics has joined IEEE (Institute of Electrical and Electronics Engineers), and Yunnan Digital Economy Industry Investment Group Co., Ltd. and Kunming Digital Economy Industry Investment Co., Ltd. have been approved to join the National Standardization Committee's Digital Economy Standard Research Group as member units. (Source link)